Whiting Petroleum Corp (NYSE:WLL) shares were up 1% during trading on Thursday . The stock traded as high as $33.91 and last traded at $33.26. Approximately 2,279,761 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 4,976,341 shares. The stock had previously closed at $33.61.
Several research analysts have recently commented on WLL shares. Johnson Rice started coverage on Whiting Petroleum in a report on Wednesday. They issued a “buy” rating and a $58.00 target price on the stock. Mizuho set a $32.00 target price on Whiting Petroleum and gave the stock a “hold” rating in a report on Tuesday, January 16th. Piper Jaffray Companies reissued a “hold” rating and issued a $40.00 target price on shares of Whiting Petroleum in a report on Tuesday, January 9th. Seaport Global Securities raised Whiting Petroleum from a “neutral” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Wednesday, March 7th. Finally, Barclays reissued a “hold” rating and issued a $20.00 target price on shares of Whiting Petroleum in a report on Sunday, December 24th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have given a buy rating to the company’s stock. Whiting Petroleum has a consensus rating of “Hold” and a consensus target price of $34.74.
The company has a market cap of $2,787.83, a PE ratio of -2.47, a P/E/G ratio of 4.43 and a beta of 3.18. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.71.
Whiting Petroleum (NYSE:WLL) last issued its earnings results on Wednesday, February 21st. The oil and gas exploration company reported ($0.17) EPS for the quarter, beating the consensus estimate of ($0.30) by $0.13. The company had revenue of $474.40 million during the quarter, compared to analysts’ expectations of $424.55 million. Whiting Petroleum had a negative net margin of 83.54% and a negative return on equity of 3.96%. The business’s revenue for the quarter was up 38.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.28) EPS. equities analysts anticipate that Whiting Petroleum Corp will post 0.47 earnings per share for the current year.
In other Whiting Petroleum news, VP David M. Seery sold 1,059 shares of the company’s stock in a transaction on Thursday, March 1st. The shares were sold at an average price of $27.77, for a total transaction of $29,408.43. Following the completion of the sale, the vice president now owns 37,122 shares in the company, valued at approximately $1,030,877.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.20% of the company’s stock.
Several hedge funds have recently made changes to their positions in WLL. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Whiting Petroleum by 44.8% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 28,255,537 shares of the oil and gas exploration company’s stock valued at $154,275,000 after buying an additional 8,737,870 shares during the period. Fine Capital Partners L.P. grew its holdings in shares of Whiting Petroleum by 23.7% in the 3rd quarter. Fine Capital Partners L.P. now owns 26,394,454 shares of the oil and gas exploration company’s stock valued at $144,114,000 after buying an additional 5,057,592 shares during the period. DW Partners LP acquired a new position in shares of Whiting Petroleum in the 3rd quarter valued at $10,390,000. Encompass Capital Advisors LLC acquired a new position in shares of Whiting Petroleum in the 4th quarter valued at $31,776,000. Finally, Precocity Capital LP acquired a new position in shares of Whiting Petroleum in the 3rd quarter valued at $5,460,000. 97.55% of the stock is owned by institutional investors.
ILLEGAL ACTIVITY WARNING: This story was originally posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are accessing this story on another publication, it was copied illegally and reposted in violation of United States and international copyright and trademark legislation. The legal version of this story can be accessed at https://www.thelincolnianonline.com/2018/03/22/whiting-petroleum-wll-trading-up-1.html.
About Whiting Petroleum
Whiting Petroleum Corporation is an independent oil and gas company. The Company is engaged in development, production, acquisition and exploration activities primarily in the Rocky Mountains region of the United States. It is engaged in the exploration and production of crude oil, natural gas liquid (NGLs) and natural gas.
Receive News & Ratings for Whiting Petroleum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whiting Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.